The holiday season is here! It has just been a couple of days since Thanksgiving. The weekend following Thanksgiving Day, better known as the “Black Friday Weekend” is well-known for amazing shopping offers. The same holds good in the cryptocurrency industry too.
Genesis Mining, the most popular cloud mining service provider in the cryptocurrency industry has announced a new promotion as part of its Black Friday offering. In this festive promotion, Genesis Mining is offering a 5 percent discount on all cloud mining packages for the customers who are buying it at any time between 12:00 AM (UTC) on Friday 25, November 2016 and Monday 28, November 2016 — also known as Cyber Monday.
The Genesis Mining cloud mining packages are available for three different cryptocurrencies — Bitcoin, Ethereum, and X11 (Altcoin Mining). The platform is currently the largest cloud mining service provider in terms of hashing power.
In the present-day scenario, cloud mining is the most profitable way for individuals to mine cryptocurrencies. The constantly increasing difficulty levels, driven by the use of powerful mining hardware has made it virtually impossible for individuals to have their own mining setup without making considerable investments. But with cloud mining services, individuals can choose to invest in the desired amount of hash power from the pool, without worrying about maintenance.
Cloud mining services use huge data centers with lots of mining equipment to conduct the operation and all the earnings, after deducting operating costs, is shared proportionately with the investors. The investors, in this case, are people subscribing to cloud mining packages.
Unlike other mining solutions, Genesis Mining makes the mining process more profitable for its customers by making use of clean geothermal energy to run its mining equipment. In addition, the location of its data centers in Iceland also reduces the cooling costs.
More information about the offer is available on the pricing page of the Genesis Mining website.